Monthly Cattle on Feed Report & Yearly Inventory Report

Released September 22, 2017, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

United States Cattle on Feed Up 4 Percent

Cattle and calves on feed for the slaughter market in the United States for
feedlots with capacity of 1,000 or more head totaled 10.5 million head on
September 1, 2017. The inventory was 4 percent above September 1, 2016.

Placements in feedlots during August totaled 1.93 million head, 3 percent
above 2016. Net placements were 1.88 million head. During August, placements
of cattle and calves weighing less than 600 pounds were 360,000 head, 600-699
pounds were 285,000 head, 700-799 pounds were 418,000 head, 800-899 pounds
were 485,000 head, 900-999 pounds were 270,000 head, and 1,000 pounds and
greater were 110,000 head.

Released August 25, 2017, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

United States Cattle on Feed Up 4 Percent

Cattle and calves on feed for the slaughter market in the United States for
feedlots with capacity of 1,000 or more head totaled 10.6 million head on
August 1, 2017. The inventory was 4 percent above August 1, 2016.

Placements in feedlots during July totaled 1.62 million head, 3 percent above
2016. Net placements were 1.57 million head. During July, placements of
cattle and calves weighing less than 600 pounds were 360,000 head, 600-699
pounds were 235,000 head, 700-799 pounds were 385,000 head, 800-899 pounds
were 370,000 head, 900-999 pounds were 190,000 head, and 1,000 pounds and
greater were 75,000 head.

Released July 21, 2017, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

United States Cattle on Feed Up 4 Percent

Cattle and calves on feed for the slaughter market in the United States for
feedlots with capacity of 1,000 or more head totaled 10.8 million head on
July 1, 2017. The inventory was 4 percent above July 1, 2016. The inventory
included 6.96 million steers and steer calves, up 1 percent from the previous
year. This group accounted for 64 percent of the total inventory. Heifers and
heifer calves accounted for 3.86 million head, up 11 percent from 2016.

Placements in feedlots during June totaled 1.77 million head, 16 percent
above 2016. Net placements were 1.71 million head. During June, placements of
cattle and calves weighing less than 600 pounds were 375,000 head, 600-699
pounds were 315,000 head, 700-799 pounds were 430,000 head, 800-899 pounds
were 385,000 head, 900-999 pounds were 170,000 head, and 1,000 pounds and
greater were 95,000 head.

Released June 23, 2017, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

United States Cattle on Feed Up 3 Percent

Cattle and calves on feed for the slaughter market in the United States for
feedlots with capacity of 1,000 or more head totaled 11.1 million head on
June 1, 2017. The inventory was 3 percent above June 1, 2016.

Placements in feedlots during May totaled 2.12 million head, 12 percent above
2016. Net placements were 2.05 million head. During May, placements of cattle
and calves weighing less than 600 pounds were 400,000 head, 600-699 pounds
were 315,000 head, 700-799 pounds were 529,000 head, 800-899 pounds were
550,000 head, 900-999 pounds were 235,000 head, and 1,000 pounds and greater
were 90,000 head.

Released May 26, 2017, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

United States Cattle on Feed Up 2 Percent

Cattle and calves on feed for the slaughter market in the United States for
feedlots with capacity of 1,000 or more head totaled 11.0 million head on May
1, 2017. The inventory was 2 percent above May 1, 2016.

Placements in feedlots during April totaled 1.85 million head, 11 percent
above 2016. Net placements were 1.78 million head. During April, placements
of cattle and calves weighing less than 600 pounds were 348,000 head, 600-699
pounds were 255,000 head, 700-799 pounds were 490,000 head, 800-899 pounds
were 495,000 head, 900-999 pounds were 190,000 head, and 1,000 pounds and
greater were 70,000 head.

Released April 21, 2017, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

United States Cattle on Feed Up Slightly

Cattle and calves on feed for the slaughter market in the United States for
feedlots with capacity of 1,000 or more head totaled 10.9 million head on
April 1, 2017. The inventory was slightly above April 1, 2016. The inventory
included 7.23 million steers and steer calves, down 2 percent from the previous
year. This group accounted for 66 percent of the total inventory. Heifers and
heifer calves accounted for 3.67 million head, up 5 percent from 2016.

Placements in feedlots during March totaled 2.10 million head, 11 percent
above 2016. Placements were the highest for March since the series began in
1996. Net placements were 2.05 million head. During March, placements of
cattle and calves weighing less than 600 pounds were 350,000 head, 600-699
pounds were 295,000 head, 700-799 pounds were 620,000 head, 800-899 pounds
were 585,000, 900-999 pounds were 185,000, and 1,000 pounds and greater were
67,000 head.

Released March 24, 2017, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

United States Cattle on Feed Up Slightly

Cattle and calves on feed for the slaughter market in the United States for
feedlots with capacity of 1,000 or more head totaled 10.8 million head on
March 1, 2017. The inventory was slightly above March 1, 2016.

Placements in feedlots during February totaled 1.69 million head, 1 percent
below 2016. Net placements were 1.64 million head. During February,
placements of cattle and calves weighing less than 600 pounds were
315,000 head, 600-699 pounds were 330,000 head, 700-799 pounds were
490,000 head, 800-899 pounds were 395,000, 900-999 pounds were 124,000, and
1,000 pounds and greater were 40,000 head.

Released January 27, 2017, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).
United States Cattle on Feed Up Slightly
Cattle and calves on feed for the slaughter market in the United States for
feedlots with capacity of 1,000 or more head totaled 10.6 million head on
January 1, 2017. The inventory was slightly above January 1, 2016. The
inventory included 7.02 million steers and steer calves, down 2 percent from
the previous year. This group accounted for 66 percent of the total
inventory. Heifers and heifer calves accounted for 3.58 million head, up
5 percent from 2016.
Placements in feedlots during December totaled 1.80 million head, 18 percent
above 2015. Net placements were 1.74 million head. During December, placements
of cattle and calves weighing less than 600 pounds were 435,000 head,
600-699 pounds were 450,000 head, 700-799 pounds were 450,000 head, and
800 pounds and greater were 460,000 head.
Marketings of fed cattle during December totaled 1.79 million head, 7 percent
above 2015.
Other disappearance totaled 55,000 head during December, 29 percent below
2015

Released December 23, 2016, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

United States Cattle on Feed Down 1 Percent

Cattle and calves on feed for the slaughter market in the United States for
feedlots with capacity of 1,000 or more head totaled 10.7 million head on
December 1, 2016. The inventory was 1 percent below December 1, 2015.

Placements in feedlots during November totaled 1.84 million head, 15 percent
above 2015. Net placements were 1.77 million head. During November, placements
of cattle and calves weighing less than 600 pounds were 470,000 head, 600-699 pounds
were 490,000 head, 700-799 pounds were 425,000 head, and 800 pounds and greater
were 458,000 head.

Released November 18, 2016, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

United States Cattle on Feed Down 1 Percent

Cattle and calves on feed for the slaughter market in the United States for
feedlots with capacity of 1,000 or more head totaled 10.7 million head on
November 1, 2016. The inventory was 1 percent below November 1, 2015.

Placements in feedlots during October totaled 2.17 million head, 5 percent
below 2015. Net placements were 2.11 million head. During October, placements
of cattle and calves weighing less than 600 pounds were 610,000 head, 600-699
pounds were 525,000 head, 700-799 pounds were 471,000 head, and 800 pounds
and greater were 565,000 head.

Released October 21, 2016, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

United States Cattle on Feed Up Slightly

Cattle and calves on feed for the slaughter market in the United States for
feedlots with capacity of 1,000 or more head totaled 10.3 million head on
October 1, 2016. The inventory was slightly above October 1, 2015. The
inventory included 6.83 million steers and steer calves, down 2 percent from
the previous year. This group accounted for 67 percent of the total
inventory. Heifers and heifer calves accounted for 3.44 million head, up
4 percent from 2015.

Placements in feedlots during September totaled 1.91 million head, 2 percent
below 2015. Placements were the lowest for September since the series began
in 1996. Net placements were 1.86 million head. During September, placements
of cattle and calves weighing less than 600 pounds were 345,000 head, 600-699
pounds were 300,000 head, 700-799 pounds were 455,000 head, and 800 pounds
and greater were 805,000 head.

Released September 23, 2016, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

United States Cattle on Feed Up 1 Percent

Cattle and calves on feed for the slaughter market in the United States for
feedlots with capacity of 1,000 or more head totaled 10.1 million head on
September 1, 2016. The inventory was 1 percent above September 1, 2015.

Placements in feedlots during August totaled 1.88 million head, 15 percent
above 2015. Net placements were 1.84 million head. During August, placements
of cattle and calves weighing less than 600 pounds were 360,000 head,
600-699 pounds were 290,000 head, 700-799 pounds were 429,000 head, and
800 pounds and greater were 800,000 head.

Released August 19 2016, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

United States Cattle on Feed Up 2 Percent

Cattle and calves on feed for the slaughter market in the United States for
feedlots with capacity of 1,000 or more head totaled 10.2 million head on
August 1, 2016. The inventory was 2 percent above August 1, 2015.

Placements in feedlots during July totaled 1.57 million head, 2 percent above
2015. Net placements were 1.52 million head. During July, placements of
cattle and calves weighing less than 600 pounds were 352,000 head, 600-699
pounds were 235,000 head, 700-799 pounds were 360,000 head, and 800 pounds
and greater were 625,000 head.

Marketings of fed cattle during July totaled 1.71 million head, 1 percent
below 2015. Marketings were the lowest for July since the series began in
1996.

Cattle on feed are animals being fed a ration of grain, silage, hay and/or
protein supplement for slaughter market that aree a
carcass that will grade select or better. It excludes cattle being
"backgrounded only" for later sale as feeders or later placement in another
feedlot.

Placements are cattle put into a feedlot, fed a ration which will produce a
carcass that will grade select or better, and are intended for the slaughter
market.

Marketings are cattle shipped out of feedlots to a slaughter market.

Other disappearance includes death loss, movement from feedlots to pasture,
and shipments to other feedlots for further feeding.

USDA Inventory Report for US Cattle

Released July 21, 2017, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

July 1 Cattle Inventory Up 4 Percent from 2015

All cattle and calves in the United States, as of July 1, 2017, totaled
103 million head. This is 4 percent above the 98.2 million head on
July 1, 2015

Calf Crop Up 3 Percent from 2016

The 2017 calf crop in the United States is expected to be 36.3 million head,
up 3 percent from last year's calf crop and up 6 percent from 2015. Calves
born during the first half of 2017 are estimated at 26.5 million head. This
is up 4 percent from the first half of 2016 and 8 percent above 2015. An
additional 9.80 million calves are expected to be born during the second half
of 2017

Released January 29, 2016, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

January 1 Cattle Inventory Up 3 Percent

All cattle and calves in the United States as of January 1, 2016 totaled
92.0 million head. This is 3 percent above the 89.1 million head on January
1, 2015.

All cows and heifers that have calved, at 39.6 million head, are 3 percent
above the 38.6 million head on January 1, 2015. Beef cows, at 30.3 million
head, are up 4 percent from a year ago. Milk cows, at 9.32 million head, are
up slightly from the previous year.

All heifers 500 pounds and over as of January 1, 2016 totaled 19.8 million
head. This is 3 percent above the 19.3 million head on January 1, 2015. Beef
replacement heifers, at 6.29 million head, are up 3 percent from a year ago.
Milk replacement heifers, at 4.82 million head, are up 2 percent from the
previous year. Other heifers, at 8.71 million head, are 3 percent above a
year earlier.

All Calves under 500 pounds in the United States as of January 1, 2016
totaled 14.1 million head. This is 4 percent above the 13.5 million head on
January 1, 2015. Steers weighing 500 pounds and over totaled 16.3 million
head, up 4 percent from one year ago. Bulls weighing 500 pounds and over
totaled 2.14 million head, up 2 percent from the previous year.

Calf Crop Up 2 Percent

The 2015 calf crop in the United States was estimated at 34.3 million head,
up 2 percent from last year's calf crop. Calves born during the first half of
2015 were estimated at 24.8 million head. This is up 2 percent from the first
half of 2014. The calves born during the second half of 2015 were estimated
at 9.50 million head, 28 percent of the total 2015 calf crop.

Cattle and calves on feed for the slaughter market in the United States for
all feedlots totaled 13.2 million head on January 1, 2016. The inventory is
up 1 percent from the January 1, 2015 total of 13.0 million head. Cattle on
feed, in feedlots with capacity of 1,000 or more head, accounted for 80.2
percent of the total cattle on feed on January 1, 2016. This is down
1 percent from the previous year. The combined total of calves under 500
pounds and other heifers and steers over 500 pounds (outside of feedlots) is
25.9 million head. This is 5 percent above one year ago.

Revisions

All inventory and calf crop estimates for July 1, 2014, January 1, 2015, and
July 1, 2015 were reviewed using calf crop, official slaughter, import and
export data, and the relationship of new survey information to the prior
surveys. Based on these findings July 1, 2014 cattle and calves decreased by
0.6 percent and 2014 calf crop decreased by 1.1 percent. January 1, 2015
cattle and calves decreased by 0.7 percent, cows and heifers that calved
decreased by 1.0 percent, and July 1, 2015 cattle and calves decreased by 0.2
percent.

USDA Inventory Report for US & Canadian Cattle & Sheep

Released August 22, 2017, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

United States and Canadian Cattle Inventory Up 4 Percent from 2015

All cattle and calves in the United States and Canada combined totaled 116
million head on July 1, 2017, up 4 percent from the 111 million head on July
1, 2015. All cows and heifers that have calved, at 46.6 million head, were up
5 percent from 2015.

All cattle and calves in the United States as of July 1, 2017, totaled 103
million head, 4 percent above the 98.2 million head on July 1, 2015. All cows
and heifers that have calved, at 41.9 million head, were up 5 percent from
2015.

All cattle and calves in Canada as of July 1, 2017, totaled 13.0 million
head, up slightly from the 12.9 million head on July 1, 2016. All cows and
heifers that have calved, at 4.74 million head, were up 1 percent from a year
ago.

Released March 7, 2017, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

United States and Canadian Cattle Inventory Up 2 Percent

All cattle and calves in the United States and Canada combined totaled 106
million head on January 1, 2017, up
2 percent from the 104 million head on January 1, 2016. All cows and heifers
that have calved, at 45.3 million head, were up 2 percent from a year ago.

All cattle and calves in the United States as of January 1, 2017, totaled
93.6 million head, 2 percent above the
91.9 million head on January 1, 2016. All cows and heifers that have calved,
at 40.6 million head, were up 3 percent from a year ago.

All cattle and calves in Canada as of January 1, 2017, totaled 12.1 million
head, up slightly from the 12.0 million on January 1, 2016. All cows and
heifers that have calved, at 4.79 million, were up slightly percent from a
year ago.

United States and Canadian Sheep Inventory Down 2 Percent

Released March 8, 2016, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

United States and Canadian Cattle Inventory Up 3 Percent

All cattle and calves in the United States and Canada combined totaled 104
million head on January 1, 2016, up
3 percent from the 101 million head on January 1, 2015. All cows and heifers
that have calved, at 44.4 million head, were up 2 percent from a year ago.

All cattle and calves in the United States as of January 1, 2016, totaled
92.0 million head, 3 percent above the
89.1 million head on January 1, 2015. All cows and heifers that have calved,
at 39.6 million head, were up 3 percent from a year ago.

All cattle and calves in Canada as of January 1, 2016, totaled 12.0 million
head, up slightly from the 11.9 million on January 1, 2015. All cows and
heifers that have calved, at 4.79 million, were up slightly from a year ago.

United States and Canadian Sheep Inventory Up Slightly

All sheep and lambs in the United States and Canada combined totaled 6.15
million head on January 1, 2016, up slightly from the 6.12 million on January
1, 2015. Breeding sheep, at 4.60 million head, were up slightly from a year
ago and market sheep and lambs, at 1.55 million head, were up slightly from
last year.

All sheep and lambs in the United States as of January 1, 2016, totaled 5.32
million head, 1 percent above the
5.28 million head on January 1, 2015. Breeding sheep, at 3.97 million head,
were up 1 percent from a year ago, while market sheep and lambs, at 1.36
million head, were up 1 percent from last year.

All sheep and lambs in Canada as of January 1, 2016, totaled 829 thousand
head, down 2 percent from last year's number of 844 thousand. Breeding sheep,
at 634 thousand head, were down 1 percent from last year. Market sheep and
lambs, at 195 thousand head, were down 3 percent from a year ago.

Cattle and Calf Inventory by Class and Calf Crop - United States and Canada:
January 1, 2011-2014
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Cattle on Feed - an Analysis

When you read the Cattle on Feed numbers above, you'll be amazed. From the cowman's point of view, it couldn't get much better.

These indicators tell him/her that prices are going to be good for some time. The more weight he can get on his calves and the better preconditioning they have, the better the feedlot buyers will like them. And the more they'll pay.

What is the Cattle on Feed Report?

The Cattle on Feed Report was started by the USDA in 1996 to use as an indicator of the feeder cattle placed and the fed cattle marketed in major feedlots nation wide. The relationship of these two indicators helps to analyze the many factors involved in the beef industry monthly, on an historical basis.

How does this affect investing in Arizona ranch real estate?

Cattle inventory, in every class, for the entire US is the lowest in years. The spring calf crop is expected to be the lowest since the 50’s. No herd expansion is expected for, at least, 2 more years.

There is only one secret to the cattle business, as in any other, buy cheap and sell high. Now is the time to buy cattle and Land.

Contact me and we’ll put a pencil to it, 540-280-0100. Steve@SteveStephenson.us. I have the expertise and personal knowledge of the cattle industry you need to consider buying Arizona ranch real estate.